Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »



Rail News Home Passenger Rail

8/18/2020



Rail News: Passenger Rail

BART issues bonds to fund rail infrastructure improvements


The estimated $700 million of proceeds from the bond sale will go toward rail infrastructure improvements.
Photo – BART Facebook

advertisement

Bay Area Rapid Transit (BART) today began offering its fifth green bond issuance to further rebuild projects across its rail system. 

The estimated $700 million of proceeds from the bond sale will go toward track replacement, tunnel repair, station improvements and train-control system upgrades of the San Francisco-based system, BART officials said in a press release.

Green bonds — also known as climate bonds— were popularized in 2010 as a method for raising capital for climate-friendly projects across the globe.